The trade agreement between the EU and the US has sparked a rally in the automotive sector. Stocks are soaring!

Following the meeting between US President Donald Trump and European Commission President Ursula von der Leyen, the agreement was positively received in the markets, especially in automotive stocks.

Major automotive giants like Stellantis, Mercedes-Benz, Volvo, and Ferrari gained value after the agreement. Analysts suggest that the removal of tariff barriers will boost automotive exports.

Trump announced that the agreement covers energy, defense, and investment sectors. The EU committed to purchasing $750 billion worth of energy products from the US.

However, a notable aspect is the 15% tariff that will be applied to all EU products, including cars. This situation should be closely monitored for its impact on the sector.

Economic circles emphasize that this agreement presents a positive short-term outlook for European-centered manufacturers, but the effects of the new tax rates in the long term should be carefully observed.